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BSA comments on FCA findings on long-term mortgage arrears

Today the FCA published its findings on how mortgage lenders manage customers with long-term mortgage arrears and provide forbearance to affected customers. The BSA comments.

  • Date: 06 December 2018
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Q3 figures: Building societies take mortgage market share

Lending & savings figures for the three months to September 2018.

  • Date: 26 November 2018
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First-time buyers - is the 'Bank of Mum and Dad' the only answer?

The Bank of Mum and Dad already provides billions of pounds of help to younger homebuyers.  A new report published today highlights how with the right support this role could grow, without jeopardising the long-term financial wellbeing of older generations.

  • Date: 12 November 2018
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Financial services industry commits to a new code of practice to better support victims of financial abuse

The Building Societies Association has signed up on behalf of its members.

We welcome the Code of Practice and any measures designed to tackle financial abuse and to help victims get the very best support as easily as possible in difficult times.

  • Date: 10 October 2018
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BSA responds to the Prime Minister's Conservative Party Conference speech

“We’re delighted that the Prime Minister has announced that the Government is scrapping the cap on council borrowing limits against the Housing Revenue Account, today in her speech at the Conservative Party Conference – something we have been campaigning for over a number of years.

  • Date: 03 October 2018
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Consumer confidence in housing market falls

Consumer confidence in home purchase has dropped in September, with the BSA’s Property Tracker Index¹ at -4%, down on June’s figure of -1%. 

The UK Public has now been net negative about the time being right to buy a new home, for 6 consecutive quarters.

  • Date: 26 September 2018
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Mortgage market subdued & competitive but building societies are positive

Lending and savings figures from the building society sector for the three months to June¹ show that the sector accounted for over a third (37%) of the growth in the mortgage market, and took more than a quarter (27%) of cash savings deposits. 

  • Date: 13 August 2018
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Cash ISA Transfer Performance – Q2 2018

Between 1 January and 30 June 2018, 89% of cash ISA transfers have been completed within seven working days, above the 85% commitment made by the BSA, UK Finance and TISA.

  • Date: 03 August 2018
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BSA comments after Monetary Policy Committee increases Bank Base Rate

Commenting on today’s Bank Base Rate rise, Paul Broadhead, Head of Mortgage and Housing Policy at the BSA said:

“Today’s MPC decision means the Bank Base Rate is now at its highest level for over nine years, although interest rates still remain low relative to their historic averages. 

  • Date: 02 August 2018
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BSA publishes submission to FCA Mortgages Market Study interim report

BSA publishes its submission, responding to the FCA Mortgages Market Study Interim Report as the BSA, UK Finance and IMLA announce a cross-industry voluntary commitment to help 'ineligible' borrowers tied to reversion rates switch products     

  • Date: 31 July 2018
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Lenders to help 'ineligible' homeowners tied to reversion rates switch products

BSA, UK Finance and IMLA announce a cross-industry voluntary commitment to help 'ineligible' borrowers tied to reversion rates switch products.  The initial agreement was reached between 59 lenders covering 93% of the mortgage market., but more lenders have subsequently signed up -  the up to date list of lenders who have is here  

  • Date: 31 July 2018
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